Bonus share alert! After 677% return in 1 year, multibagger stock declares issue; Do you own? Ratio, record date update
Reported by Mint Markets, not nibnow. We are not the publisher of this story, only the source is.
Shareholders of Indus Finance are in line to receive additional shares, which can increase overall liquidity and their total stake if approved. However, stock prices can experience high volatility following such announcements.
Indus Finance recommended issuing five bonus shares for every nine shares held, subject to shareholder approval. The company has yet to announce a record date. Its stock fell 5.26% over the week but gained 144% in three months and about 390% in six months.
Bonus shares are additional shares given to existing shareholders at no extra cost, based on the number of shares they already own. Companies typically issue them to encourage retail participation and improve stock liquidity.
- •The official announcement of the record date for the bonus issue.
- •The upcoming shareholder meeting and vote on the proposed bonus share issuance.